Taxed on Dividends Annually 📊
Dividend income is taxed yearly in brokerage accounts, whether you withdraw or reinvest, due to IRS rules.
Money with Katie
110.9K views • Mar 9, 2023
About this video
no matter whether you withdraw or reinvest them, you're taxed on your dividend income in your brokerage accounts every year because the boiz at the IRS consider it just that—income. 🥲
crucially, since most people set their dividends to reinvest, they may not actually have the cash on hand—so it's good to be prepared for it!
your 1099-DIV forms will outline your dividend totals. 🤓
Presented by TaxAct
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#taxes #investments #InvestmentTaxes #moneywithkatie #personalfinance #1099div #dividends
crucially, since most people set their dividends to reinvest, they may not actually have the cash on hand—so it's good to be prepared for it!
your 1099-DIV forms will outline your dividend totals. 🤓
Presented by TaxAct
-
Follow Money with Katie!
Instagram - https://www.instagram.com/moneywithkatie
Twitter - https://twitter.com/moneywithkatie
TikTok - https://www.tiktok.com/moneywithkatie
#taxes #investments #InvestmentTaxes #moneywithkatie #personalfinance #1099div #dividends
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Video Information
Views
110.9K
Likes
1.8K
Duration
0:55
Published
Mar 9, 2023
User Reviews
4.7
(22)